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Fed decides whether to hold rates between 3.75% and 4% at its penultimate meeting of the year

FinanceInternationalXTB.com40 s readAI summary
Image: XTB.com

The Federal Reserve holds this Wednesday its penultimate meeting of the year, at which it will decide whether to keep interest rates between 3.75% and 4%. In September it already raised them by 25 basis points. The backdrop is shaped by inflation, with CPI at 3.7% in September and PCE still above 3%, although markets do not price in another hike and point to December as the key date. The meeting coincides with Microsoft and Alphabet earnings and with oil above $100.

In 40 seconds

  • The Fed decides whether to hold rates between 3.75% and 4% at its penultimate meeting of the year
  • It raised rates by 25 basis points in September; the market does not price in another move today and looks to December
  • September CPI stood at 3.7% and PCE remains above 3%
Read the full story at XTB.com

IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.

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